So, you’re thinking about selling your home? Congratulations! This is a big step in life and one of the biggest financial decisions you can make! We’re sure you’re wondering about the financial implications, the state of the market, interest rates, and the stress of negotiating a deal. However, rest assured that our team of experienced agents can guide you through this exciting time of life! Here’s a few things to know if you’re thinking about selling–
Home Prices are stable due to lack of supply
Despite the rising interest rates, USNews reports that prices of homes in Nashville and surrounding areas have not dropped dramatically. Most buyers are thinking they can refinance in the coming years while securing a home today. In fact, median home prices are up 5.5% year over year. While many are worried about the state of the market, Nashville is still holding strong as one of the top real estate markets in the country.
(Image taken from USNews)
Building costs are Rising
While Home prices are rising and turning away potential buyers, New Construction prices are rising even more rapidly. USNews also reports that New Construction prices are up 12% over last year while Median Home Prices are up only 5.5%. Many buyers need to buy a home and might be turned away by the rising costs of New Construction.
Using a Trusted Team in Selling your Home
Our team at Cope and Associates is diversely experienced in every kind of real estate transaction. From land, agricultural, luxury homes, equestrian homes, and more, we’ll exceed your expectations and help you get the most value out of your home! We also have the ability to sell your home and personal property at auction if need be. Call us today to learn more about how we can serve you!